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jack lew must never be treasury secretary. his testimony before the senate budget committee less than two years ago was so outrageous and false that it alone disqualifies. jack lew is not that man. >> well, i guess if jeff sessions represented the majority party, his words there might have a little more bite than they do. jack lew actually in truth is the least controversial of the nominees we're going to talk about tonight. he is very liberal. no question about that. he has come up through the ranks starting in tip o'neil's office in years ago on the democratic side of the party. capable. knows the numbers. has the president's trust. even though he has offended some republicans by his behavior in the negotiations, president likes him. they won't go to the matt over this. >> bret: chuck hagel, charles? >> here from the two leading hagel indicators. schumer on the democrats and mccain on the republican. he is from new york. unequivocal. if he goes with hagel in the end, hagel will be approved. as for mccain, his issue is more i
jack lew must never be treasury secretary. his testimony before the senate budget committee less than two years ago was so outrageous and false that it alone disqualifies. jack lew is not that man. >> well, i guess if jeff sessions represented the majority party, his words there might have a little more bite than they do. jack lew actually in truth is the least controversial of the nominees we're going to talk about tonight. he is very liberal. no question about that. he has come up...
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Jan 10, 2013
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i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that we have limited fiscal resources. like jack, have i spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. i feel incredibly fortunate that my wife, carol, and my family have been willing to allow me to do this. i thank them for their support and their patience and i understand their occasional impatience. [ laughter ] >> i want to express my admiration and my appreciation for the women and the men of the treasury de
i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that...
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Jan 10, 2013
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lew shot it down and the president much more than open than jack lew to some of those changes so i think republicans think that this is a step in the wrong direction for them. but listen. there's definitely always concern from progressives. i think that's natural. and this administration has broadly been open in words, maybe not in deeds, republicans would say, to changes to social security, medicare and medicaid. so i guess he falls in line. he has been resistant according to people involved in the negotiations to major overhauls to the entitlement system. >> you mentioned that republicans don't like negotiating with him. with is that because he's really good at it? is it because he's hard to work with? i mean, is this a good choice for the president because he's hard nosed and a good negotiator or is it going to put a bad taste in republicans' mouths? >> what the complaint always is about jack lew is he can never get to yes. and maybe that means he's a good negotiator for the president because the president might not have wanted to get to yes and not the guy to deliver that but that's
lew shot it down and the president much more than open than jack lew to some of those changes so i think republicans think that this is a step in the wrong direction for them. but listen. there's definitely always concern from progressives. i think that's natural. and this administration has broadly been open in words, maybe not in deeds, republicans would say, to changes to social security, medicare and medicaid. so i guess he falls in line. he has been resistant according to people involved...
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Jan 10, 2013
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i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited fiscal resources. now like jack, i've spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. and i feel incredibly fortunate that my wife, carol, and my family, have been willing to allow me to do this. and i thank them for their support and their patience and i understand their occasional impatience. i want to express my admiration and my appreciation for the women and men of the treasury department. those who came t
i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited...
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Jan 10, 2013
01/13
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lew, and he trust jack lew. if you look at all of these cabinet appointments that we've seen and some to come, it is about the president's comfort level in the second term. >> he was just re-elected, he's the president of the united states. he deserves to be comfortable. if you can hold on, we still haven't received that famous two-minute warning. we'll take a quick two-minute break and be right back. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. >>> we waiting for the president of the united states to walk into the east room of the white house. we'll show you a picture now. he's going to nominate jack lew as white house chief of st
lew, and he trust jack lew. if you look at all of these cabinet appointments that we've seen and some to come, it is about the president's comfort level in the second term. >> he was just re-elected, he's the president of the united states. he deserves to be comfortable. if you can hold on, we still haven't received that famous two-minute warning. we'll take a quick two-minute break and be right back. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my...
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Feb 13, 2013
02/13
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but we expect jack lew will get through here. the questions and answers should be interesting in the meantime. >> later on this morning, we'll talk to mike mayo on the impact on banks, if in fact lew is confirmed. aym eamon, thanks a lot. >>> the president has spoken. now it's art cashin's turn. find out what he's expecting from today's trading as we count down to the opening bell. republican congresswoman marsha blackburn of tennessee gives her take on the state of the union address. take a look at the futures, get a sense of where we are this morning. we're not looking too bad. more "squawk on the street" from the nyse straight ahead. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much wh
but we expect jack lew will get through here. the questions and answers should be interesting in the meantime. >> later on this morning, we'll talk to mike mayo on the impact on banks, if in fact lew is confirmed. aym eamon, thanks a lot. >>> the president has spoken. now it's art cashin's turn. find out what he's expecting from today's trading as we count down to the opening bell. republican congresswoman marsha blackburn of tennessee gives her take on the state of the union...
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Jan 10, 2013
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president nominated jack lew as the treasury secretary. it has been met with vigorous opposition by some on capitol hill. we'll have report and analysis from brit hume. 14 died in boston and 18 in state of massachusetts as the nationwide flu outbreak continues. we have a live report. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> eric: welcome back. i've been asking the question is american culture in declin decline. first up, scott thompson, english teacher is accused of pulling the flag off the wall and stomping on it in front of students feoffment speech or is american culture in decline. bob, taking the flag off the wall, stomping on it in front of kids? >> bob: it's terrible. i think there are laws against defacing a flag. not sure that he is not in that territory. to do it in front of kids, i'm not sure what the point was. he said it's cloth. it's more than cloth. represents a lot of thing. >> kimberly: fire him. this is outrageous. i would be so angry i would literally pro
president nominated jack lew as the treasury secretary. it has been met with vigorous opposition by some on capitol hill. we'll have report and analysis from brit hume. 14 died in boston and 18 in state of massachusetts as the nationwide flu outbreak continues. we have a live report. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> eric: welcome back. i've been asking the question is american culture in declin...
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Feb 13, 2013
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in terms of comments, 2011, jack lew made this statement. it is an accurate statement that our current spending will the no be increasing the debt. we stopped spending money that we don't have and yet here we are several years later and a trillion dollar deficits continue, bill. bill: the republicans believe that jack lou lied under oath? are they making that claim, mike? >> reporter: at the very least republicans believe he was selling white house spin when he was testifying before the senate budget committee of. the top republican on the budget committee, jeff sessions says he goes further than that. he sent a letter and he writes it was a key moment in a deliberate art -- art ve that thet that lead the president's budget put us on a sustainable fiscal path when it was no where close. the president's budget over ten years lays out a plan would essentially build $13 trillion in debt. jeff sessions says he believes jack lew is deliberately lying, expect some fireworks in that hearing moments from now. bill: we shall. headlines momentarily. t
in terms of comments, 2011, jack lew made this statement. it is an accurate statement that our current spending will the no be increasing the debt. we stopped spending money that we don't have and yet here we are several years later and a trillion dollar deficits continue, bill. bill: the republicans believe that jack lou lied under oath? are they making that claim, mike? >> reporter: at the very least republicans believe he was selling white house spin when he was testifying before the...
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Feb 13, 2013
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can expect the committee will move jack lew. he'll soon be in office as the treasury secretary, maria. >> john harwood with the latest there. we've -- >> heading towards the close. >> heading to the close. 15 markets left. this market has been steady for the last hour or so with the decline of 55 point. >> the question is the individual investor back in this market. >> when we come back the ceo of put number investments will be joining us and are we heading for a correct of some kind? >> and we'll also hear from cisco ceo john chambers moments after the numbers are out and we'll speak with the analysts. [ laughs ] now this is a test drive. whoa! you really feel all 335 foot-pounds of torque. it's chevy truck month! silverado was also recognized for the lowest cost of ownership. hey, what are you gonna do with it? end table. oh. [ male announcer ] it's chevy truck month. now get 0% financing for 60 months, plus trade up to get $1,750 total allowance on a silverado all-star edition. or trade up and choose customer cash plus option
can expect the committee will move jack lew. he'll soon be in office as the treasury secretary, maria. >> john harwood with the latest there. we've -- >> heading towards the close. >> heading to the close. 15 markets left. this market has been steady for the last hour or so with the decline of 55 point. >> the question is the individual investor back in this market. >> when we come back the ceo of put number investments will be joining us and are we heading for a...
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Jan 10, 2013
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and jack lew is in the middle of it. because democratic economic policies have not been well received by republicans in congress, and because jack lew once irked mitch mcconnell, he is, we're supposed to believe, not going to get the top tier cabinet position. we scoff in your general direction. if those do not sound like reasons substantive enough to block a presidential cabinet nomination, that is because those are not reasons substantive enough to block a presidential cabinet nomination. at least historically speaking, those are not the kind of things that keep a person out of a top tier job like that. as "the new york times" calculated today, in the history of the u.s. senate, the senate has confirmed over 500 cabinet nominations. over 500. it has denied nine out of more than 500 in gnat senate history. the last time a cabinet nomination was denied was almost 25 years ago when the senate voted down poppy bush's nominee for defense john tower after what would later be described in his obituary of public allegations of
and jack lew is in the middle of it. because democratic economic policies have not been well received by republicans in congress, and because jack lew once irked mitch mcconnell, he is, we're supposed to believe, not going to get the top tier cabinet position. we scoff in your general direction. if those do not sound like reasons substantive enough to block a presidential cabinet nomination, that is because those are not reasons substantive enough to block a presidential cabinet nomination. at...
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May 10, 2013
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is jack lew trying to be that kind of guy or strike out on his own? >> definite continuation of u.s. policy. tim geithner got slapped around a little bit for coming over here, urging more growth, less austerity. jack lew is continuing the same thing but there's something that's uniquely different. the data, chuck, has shown that growth is better than austerity in the wake of these financial crisis. number of academic papers on the side of jack lew now. more importantly are the results. europe, their unemployment rate is still rising. economies are still shrinking. in the u.s. we've talked about the data here. it is certainly much better. and what jack lew said he believes there's more receptivity here in the u.s. i don't think he will suffer the consequences that tim geithner suff suffered. >> always traveling with the u.s. treasury secretary. good to have you on. it's been too long. >> thank you, chuck. >>> worry live in cleveland with more on the case against ariel castro. >>> plus, proof that chemical weapons have been used in syria. >>> queen eliz
is jack lew trying to be that kind of guy or strike out on his own? >> definite continuation of u.s. policy. tim geithner got slapped around a little bit for coming over here, urging more growth, less austerity. jack lew is continuing the same thing but there's something that's uniquely different. the data, chuck, has shown that growth is better than austerity in the wake of these financial crisis. number of academic papers on the side of jack lew now. more importantly are the results....
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Jan 12, 2013
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those were the years that jack lew was in charge of the budget. those were also the years in which debt clocks had to be unplugged because they had never been programmed to run backwards. it was not jack lew alone who led us to that fiscal breakthrough as a country. but he was budget director, and with success comes bragging rights. and even know the obama administration kind of declared war on peacocks in this announcement yesterday, it is worth wondering if they might not actually be better off if they did strut on these issues a little bit more than they like to, because you would never know it from the way the deficit peacocks are crowing against this administration, but the deficit is now more than $200 billion smaller than it was when president obama first took office. we are currently witnessing the fastest deficit reduction in this country since the end of world war ii. the alleged big spending liberal barack obama has already signed into law approximately $2.4 trillion deficit reduction measures over the next decade. and that could be hig
those were the years that jack lew was in charge of the budget. those were also the years in which debt clocks had to be unplugged because they had never been programmed to run backwards. it was not jack lew alone who led us to that fiscal breakthrough as a country. but he was budget director, and with success comes bragging rights. and even know the obama administration kind of declared war on peacocks in this announcement yesterday, it is worth wondering if they might not actually be better...
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Mar 15, 2013
03/13
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. >>> new treasury secretary jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own p
. >>> new treasury secretary jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997...
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Jan 10, 2013
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well, for heaven sakes, jack lew was on wall street for a year. he ran the alternative investments at citibank and he got $1 million bonus to that and $1 million cash compensation on top of that. i don't begrudge him that. i'm a free market guy. but his boss begrudges people who made money and lew did that in one year. if you live by the sword, you die by the sword. >> well, again, he is in sync with his boss, president obama, and i think obama's willing to overlook those transgressions as long as you see the world the way he does. and in terms of governor dean, i almost think i'm re-hearing herbert hoover about the need to fight the deficit by raising taxes. raising taxes -- >> and cutting spending. >> raising taxes is not the way to go. and you look at europe, they're raising taxes, japan is raising taxes and the result is a disaster. as you know, if we had normal growth economy, say 4%, which shouldn't be hard to do after what we've been through, you'd get an extra $400 billion, $500 billion right off the bat, instant, painless. >> howard, what
well, for heaven sakes, jack lew was on wall street for a year. he ran the alternative investments at citibank and he got $1 million bonus to that and $1 million cash compensation on top of that. i don't begrudge him that. i'm a free market guy. but his boss begrudges people who made money and lew did that in one year. if you live by the sword, you die by the sword. >> well, again, he is in sync with his boss, president obama, and i think obama's willing to overlook those transgressions...
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Jan 9, 2013
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>> steve, you were right on the money with the jack lew prediction. you and i had this conversation, but i just wonder, you know, there's this antagonistic relationship between the white house and business. >> right. >> there were a handful of business guys in the mix that wanted the job. larry fink. would it be sort of better as a perception from the market or perception of business to put a business guy in there to help the relationship, help the togetherness of business in washington so we actually get some job creation going? what's your take on this choice? >> i don't disagree with the signal that could have been sent had somebody else been chosen. >> exactly. >> no doubt about that. it could have been an olive branch to the business community. i think that's for sure, and president obama did have several candidates who he could have chosen from in that regard. >> right. >> so i think that's very important, but i think right now president obama says, you know what? i've got a problem with congress. i've got a problem with the debt ceiling. let me
>> steve, you were right on the money with the jack lew prediction. you and i had this conversation, but i just wonder, you know, there's this antagonistic relationship between the white house and business. >> right. >> there were a handful of business guys in the mix that wanted the job. larry fink. would it be sort of better as a perception from the market or perception of business to put a business guy in there to help the relationship, help the togetherness of business in...
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Jul 17, 2013
07/13
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when we come back, we have jack lew. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 then schwab is the place to trade. tdd#: 1-800-345-2550 call 1-888-284-9410 or visit schwab.com/trading to tdd#: 1-800-345-2550 learn how you can earn up to 300 commission-free online trades tdd#: 1-800-345-2550 for six months with qualifying net deposits. tdd#: 1-800-345-2550 see how easy and intuitive it is to use tdd#: 1-800-345-2550 our most powerful platform, streetsmart edge. tdd#: 1-800-345-2550 we put it in the cloud so you can use it on the web. tdd#: 1-800-345-2550 and trade with our most advanced tools tdd#: 1-800-345-2550 on whatever computer you're on. tdd#: 1-800-345-2550 also, get a dedicated team of schwab trading specialists tdd#: 1-800-345-2550 who will help you customize your platform tdd#: 1-800-345-2550 even from the comfort of your home. tdd#: 1-800-345-2550 and talk about ideas and strategies, one on one. tdd#: 1-800-345-2550 get all this with no trade minimums. tdd#: 1-800-345-2
when we come back, we have jack lew. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 then schwab is the place to trade. tdd#: 1-800-345-2550 call 1-888-284-9410 or visit schwab.com/trading to tdd#: 1-800-345-2550 learn how you can earn up to 300 commission-free online trades tdd#: 1-800-345-2550 for six months with qualifying net deposits. tdd#: 1-800-345-2550 see how easy and intuitive it is to use tdd#: 1-800-345-2550 our most powerful platform, streetsmart...
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Feb 26, 2013
02/13
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and i don't know jack lew. i've met with him a couple of times, of course. but i had no idea that he had this background. so, you know, i would think he would be forthcoming on the questions and apparently he was not. i think the president should have leeway. i think he should have the people he wants. >> sure. >> but i just am disappointed, i guess, that in this job we don't have somebody who can really do something about the economy. somebody who has ideas. >> steve, god bless him, if he wants to make a million bucks, makes five million bucks, i don't have a problem with that. what i have a problem with, and i'm reading from the editorial, that citigroup gave him a guaranteed bonus, if he left the bank for higher level positions in the u.s. government. not the red cross. not some non-profit group. so clearly, as people knew he was going to take a big position with obama, they gave him this -- this kind of stuff shouldn't be going on. >> i'm going to sound a little bit like kudlow. free markets, free markets. >> right. this is crony capitalism. >> nobody ma
and i don't know jack lew. i've met with him a couple of times, of course. but i had no idea that he had this background. so, you know, i would think he would be forthcoming on the questions and apparently he was not. i think the president should have leeway. i think he should have the people he wants. >> sure. >> but i just am disappointed, i guess, that in this job we don't have somebody who can really do something about the economy. somebody who has ideas. >> steve, god...
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Jul 29, 2013
07/13
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jack lew tries to answer that straight ahead. >>steve: just lunch or is it campaign 2016 just getting started? why president obama and hillary clinton are having a private lunch today at the white house. we'll tell you what we know. >> it's supposed to be a happy day for this wedding cum, -- couple of but what happens next may be a bad sign of things to come. "fox & friends," it starts right now. ♪ ♪ >>steve: hi everybody. come on in to studio e. we're starting bright and early and we've got anna in for tkpwre ken -- gretchen and kelly in for brian. >>anna: my first time sitting on the curvy couch with you. >>anna: we need to get to monday morning headlines. breaking overnight, a tour bus plunges off a highway in southern italy leaving at least 37 people dead. it smashed into several cars, slowed by heavy traffic before flying off the highway and plunging 100 feet into a ravine. witnesses say it wounded or sounded, rather, like the bus mauve blown a tire. -- may have blown a tire. >> in washington, israeli and palestinian off
jack lew tries to answer that straight ahead. >>steve: just lunch or is it campaign 2016 just getting started? why president obama and hillary clinton are having a private lunch today at the white house. we'll tell you what we know. >> it's supposed to be a happy day for this wedding cum, -- couple of but what happens next may be a bad sign of things to come. "fox & friends," it starts right now. ♪ ♪ >>steve: hi everybody. come on in to studio e. we're...
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new treasury secretary, jack lew, >>> welcome back. new treasury secretary, jack lew, headed to china next week for key meetings. but before that, he sat down with our own steve liesman. steve just wrapped up that interview and joins us now live from just outside atlanta. steve, over to you. >> maria, i began by asking jack lew whether or not equities were in a bubble. >> i think as treasury secretary, my practice will be the same as my predecessor's, not to comment on markets. i think there are things going on right now that, you know, just as a matter of a policy environment, are interesting. you know, towards the end of the year, there was a sense of imminent crisis. we're a little bit beyond imminent crisis. there seems to be -- we still have a lot of work to do, but there doesn't seem to be any push to create a crisis over the debt limit or over shutting down the government. i think that's helpful. we've had economic data come out for quite a while now, showing that we have a resilient economy, that's growing and we'd like it to g
new treasury secretary, jack lew, >>> welcome back. new treasury secretary, jack lew, headed to china next week for key meetings. but before that, he sat down with our own steve liesman. steve just wrapped up that interview and joins us now live from just outside atlanta. steve, over to you. >> maria, i began by asking jack lew whether or not equities were in a bubble. >> i think as treasury secretary, my practice will be the same as my predecessor's, not to comment on...
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Oct 7, 2013
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you just mentioned jack lew. jack lew was in the studio you're sitting in, studio a right there in our bureau in washington, d.c. yesterday, as chris wallace asked him about, hey, why does the president keep saying unprecedented? it's not. listen to this. >> if we were to have the unthinkable happen and have the united states default, it would cause real problems. the consequences are immediate and they're very bad. congress needs to act. >> i am telling you that i know the direction is bad. there are a range of how bad. it is not responsible. it is irresponsible and it is wreckless to take that chance, which is why congress needs to act. >> steve: i said unprecedented because in another sound bite, chris says, look, you keep saying the president says it's unprecedented that i would have to make a deal to get a debt ceiling and chris had the fact and said back in this year, this year and this year, deals were done. so it does look to some, bret, like the administration is trying to force the hands of the republic
you just mentioned jack lew. jack lew was in the studio you're sitting in, studio a right there in our bureau in washington, d.c. yesterday, as chris wallace asked him about, hey, why does the president keep saying unprecedented? it's not. listen to this. >> if we were to have the unthinkable happen and have the united states default, it would cause real problems. the consequences are immediate and they're very bad. congress needs to act. >> i am telling you that i know the...
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first, my interview with treasury secretary jack lew. treasury secretary jack lew is here. mr. secretary, thank you so much for coming in. >> thank you. >> if i can just sort of sum up what you've been saying,en that is come october 17th, you have run out of tricks. hopefully you don't use that word. but ways you can massage the numbers so you don't go over the debt cereal ceiling that congress has set. you need a new debt ceiling by october 17th. what happens on october 18th if you don't get it? >> well, that's a very good question. and just to be clear, we crossed the debt limit in may. since may, we've been creating room to borrow using extraordinary measures. they've been used so many times. they're not as extraordinary as they used to be. tuesday i wrote to congress saying i used my last extraordinary measures. i have no more. that means on october 17th we'll run out of the ability to borrow. we'll be left with cash on hand. i told congress it will be roughly $30 billion. and $30 billion is a lot of money. but when you think about the cash flow of the government of the uni
first, my interview with treasury secretary jack lew. treasury secretary jack lew is here. mr. secretary, thank you so much for coming in. >> thank you. >> if i can just sort of sum up what you've been saying,en that is come october 17th, you have run out of tricks. hopefully you don't use that word. but ways you can massage the numbers so you don't go over the debt cereal ceiling that congress has set. you need a new debt ceiling by october 17th. what happens on october 18th if you...
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Jan 10, 2013
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i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you know, geithner's for it. or it helps to say paulson was for it. it helps to say robert reuben is for this. and in this case they won't necessarily be able to make that. but they don't -- see where i disagree with you, i don't think they care that they don't sell it. they don't need to sell it. >> i don't care if they care. they should care. it does matter. we are entering really interesting times when it comes to a need to rethink our corporate tax system, rethink our individual tax system. rethink entitlements. all of these things. it would have been,
i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you...
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May 10, 2013
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i think back home jack lew very much wants to get the u.s. financial situation on some more regular track. and i think that if he gets done with his tenure without doing that, i think he would think that's a failure. >> yeah. >> i'm so glad we're still talking about his signature before we're seeing them on dollar bills. want to get more on lou and what to expect out of the g-7 this weekend. he joins us this morning. john, good to have you back. >> good to see you, carl. >> you think yourp will be the focus. you don't have kind things to say about europe's future right now. >> i think europe is fundamentally dysfunctional. there's an inherent inconsistency with the long-term plans and short-term reality. skimplly stated, all politics is local. the german politics is not favoring more spending and more generosity. it doesn't want to amass more debt. doesn't want more austerity. wants to ultimately maintain its own sovereignty. so europe is key. so i think as steve said, the most exciting thing going on globally is the experiment in japan and s
i think back home jack lew very much wants to get the u.s. financial situation on some more regular track. and i think that if he gets done with his tenure without doing that, i think he would think that's a failure. >> yeah. >> i'm so glad we're still talking about his signature before we're seeing them on dollar bills. want to get more on lou and what to expect out of the g-7 this weekend. he joins us this morning. john, good to have you back. >> good to see you, carl....
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Mar 14, 2013
03/13
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first, steve liesman going one on one with new treasury secretary jack lew. that's ahead, 4:15 eastern time. and former fdic chairman shelia bair will react to the federal reserve's decision on whether to improve the plans by the big banks to raise dividends, buy back stock, we're going to get the capital plans, coming up. you're watching the "closing bell" on cnbc. >> buckle up! >> buckle up, bill! [ male announcer ] the lexus command performance sales event has begun. ♪ featuring the powerful gs. ♪ just when you thought you had experienced performance a new ride comes along and changes everything. ♪ get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ and his new boss told
first, steve liesman going one on one with new treasury secretary jack lew. that's ahead, 4:15 eastern time. and former fdic chairman shelia bair will react to the federal reserve's decision on whether to improve the plans by the big banks to raise dividends, buy back stock, we're going to get the capital plans, coming up. you're watching the "closing bell" on cnbc. >> buckle up! >> buckle up, bill! [ male announcer ] the lexus command performance sales event has begun....
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Jan 25, 2013
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. >> jack lew and the rest of the team. you know those guys? >> i know jack lew. jack lew is always very gracious with white house chiefs of staff, even in days when there was some discomfort between the business side, and the street, i would always -- i would call up, and have great conversations and make the rounds. >> the administration's changed its approach to business and to wall street, or no? >> they reached out. i mean, i have to -- they've done it. >> but are they listing or reaching out to placate? >> i'll let you know after i watch -- after i observe what they do. i think they're -- look, who knows -- at the point at which everybody's pounding and saying, you know, you have to engage with business, i think it's a little bit harsh when they do engage with business to turn around and say, ah-ha, they're engaging with business. they don't really mean it. let's see. i appreciate the fact that they're engaging. by the way, they're engaging a lot. follow-up phone calls, conferences, they respond to questions. if they call you up after you made the question a
. >> jack lew and the rest of the team. you know those guys? >> i know jack lew. jack lew is always very gracious with white house chiefs of staff, even in days when there was some discomfort between the business side, and the street, i would always -- i would call up, and have great conversations and make the rounds. >> the administration's changed its approach to business and to wall street, or no? >> they reached out. i mean, i have to -- they've done it. >> but...
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Jan 10, 2013
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jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against bill ackman's damning allegations. we'll have the latest and the ceo join us later in the show. >>> well, today president obama is set to nominate white house chief of staff jack lew as his next treasury secretary. succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a fo
jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against...
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May 17, 2013
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he also met with treasury secretary jack lew ho who we're told told werfel to conduct a thorough review of the irs. next tuesday the outgoing irs commissioner in the inspector general will testify before the senate finance committee. fox news learned a third witness will join them, forger irs commissioner douglas shulman, as lawmakers try to get to the bottom of this irs matter. bret? >> bret: mike, thank you. the official who led the unit that targeted conservatives now has another job. it has the potential to impact the lives of virtually everyone watching this program. wendell goler on the amazing career path of one washington bureaucrat. >> it's a collision of the president's signature achievement and what may be his administration's biggest scandal. sarah hall ingram, who once ran the irs division, accused of targeting tea party tax exempt requests for extra scrutiny, now heads the irs office implementing obamacare, making sure working people purchase health insurance and providing subsidies for those who can't afford it. republicans were outraged. >> so she provided horrendous cus
he also met with treasury secretary jack lew ho who we're told told werfel to conduct a thorough review of the irs. next tuesday the outgoing irs commissioner in the inspector general will testify before the senate finance committee. fox news learned a third witness will join them, forger irs commissioner douglas shulman, as lawmakers try to get to the bottom of this irs matter. bret? >> bret: mike, thank you. the official who led the unit that targeted conservatives now has another job....
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Jan 10, 2013
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jack lew came to d.c. in 1973, 40 years ago and has experience all over town at the office of management and budget, at the state department, in the private sector at citibank and new york university. a white house official passed this along they said throughout his career jack lew has proven a successful and effective advocate for middle class families who can build bipartisan consensus to implement proved policies. jeff sessions from alabama says he does not think jack lew's nomination will be successful. he is steamed that lew appeared before congress two years ago and testified that president obama's budget would not add to the national debt. sessions says and this is a quote. at this time of unprecedented slow growth, high unemployment and huge deficits we need a secretary of treasury that the american people, the congress, and the world will know is up to the task of getting america on the path to prosperity, not the path to decline. jack lew is not that man. if lew's nomination is successful his sig
jack lew came to d.c. in 1973, 40 years ago and has experience all over town at the office of management and budget, at the state department, in the private sector at citibank and new york university. a white house official passed this along they said throughout his career jack lew has proven a successful and effective advocate for middle class families who can build bipartisan consensus to implement proved policies. jeff sessions from alabama says he does not think jack lew's nomination will...
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treasury secretary jack lew. it's friday, may 10, 2013. and "squawk box" begins right now. ♪ watch the radio turn it up to ten party people go call up all your friends ♪ ♪ rocking all night weep sleep when we're dead ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc. it's friday! yea! i'm becky quick along with joe kernen and andrew ross sorkin. t you'll see green arrows. s&p futures up by four points. the major u.s. stock averages ending lower yesterday as the s&p and nasdaq snapped five-day winning streaks but stocks are still on pace for a third consecutive week of gains. among the reasons cited for yesterday's afternoon selloff, we had the dollar, greenback crossing 100 yen for the first time in four years. it's been awfully close recently. we've been waiting for this to happen. happened late in trading yesterday afternoon. the yen falling and japanese stocks are rallying. nikkei hit its highest level since january of 2008 today. you can see 14,607. shanghai composite was up by 0.6%. in early european trading
treasury secretary jack lew. it's friday, may 10, 2013. and "squawk box" begins right now. ♪ watch the radio turn it up to ten party people go call up all your friends ♪ ♪ rocking all night weep sleep when we're dead ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc. it's friday! yea! i'm becky quick along with joe kernen and andrew ross sorkin. t you'll see green arrows. s&p futures up by four points. the major u.s. stock averages...
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Jul 28, 2013
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treasury secretary jack lew is here. thanks for coming by. >> good to be with you, candy. >> want to have a general question about the economy and play for you something the speaker of the house said this week. >> the president pivoted this week to jobs, as he has been known to do on occasion, and under the president's leadership, our country has fallen into the new normal of slow growth, high unemployment, and stagnant wages. i think it's unacceptable. >> take his characterization of the economy. is there anything in there -- slow growth, would you agree with that? >> candy, i think the characterization does not reflect where the economy is or where it's come from. i think, if you look at where this economy was four years ago, it was in free fall. >> he's not suggesting -- >> since the great depression. >> he's not suggesting this is better than it was in that first year, but where is it now, right now? >> i think, if you look at where it's come, we've had 40 months of job growth, four years of economic growth. the pres
treasury secretary jack lew is here. thanks for coming by. >> good to be with you, candy. >> want to have a general question about the economy and play for you something the speaker of the house said this week. >> the president pivoted this week to jobs, as he has been known to do on occasion, and under the president's leadership, our country has fallen into the new normal of slow growth, high unemployment, and stagnant wages. i think it's unacceptable. >> take his...
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May 22, 2013
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jack lew said it's nt part f a biggerprolem. listen t jack lew. >> i would be reluctant to go beyond the facts n front of us now and asume any broader issue. i think that it is a bad enough set of facts that we're looking at, that we need to understand them, take the actions to fix he look in the irs, and make sure that if here are systemic problems, we fix tem. gerri: not a boader problem. all i see comes out of the administtion, all i see coming out of washington, frankly, is a lot of human hubris, we should n that, we know what to do and how to run this thing. hat do you say, jay? >> special counsel isneeded here. you know, jack lew is trying to basically do what acting commissioner miller did oday, trying to play dodge ball here. the problem is it's with te american people. they played dodge ball with groups entitled for tax exemption, denied it,they were not tageted dspite what mr. miller said, the agency said they were targeted. deny it all day and night, doesn't like the characterization, that doesn't change anything. at
jack lew said it's nt part f a biggerprolem. listen t jack lew. >> i would be reluctant to go beyond the facts n front of us now and asume any broader issue. i think that it is a bad enough set of facts that we're looking at, that we need to understand them, take the actions to fix he look in the irs, and make sure that if here are systemic problems, we fix tem. gerri: not a boader problem. all i see comes out of the administtion, all i see coming out of washington, frankly, is a lot of...
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. >> we'll talk with jack lew about the president's plan to help the middle class. and we'll discuss the budget battles ahead with republican senator mike lee. >>> plus anthony weiner admits old habits are tough to break. >> i have said that other texts an
. >> we'll talk with jack lew about the president's plan to help the middle class. and we'll discuss the budget battles ahead with republican senator mike lee. >>> plus anthony weiner admits old habits are tough to break. >> i have said that other texts an
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Jan 25, 2013
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jack lew is the nominee, the person that coo be taking over. guess what is a lot, a lot more partisan than tim geithner that worked for both republicans and democrats. steve forbes tells us what that can mean for policy going forward. sandra: howard lutnick, ceo of cantor fitzgerald, shares his investing ideas for 2013. the prime minister of haiti, he talks about the big roll the private sector is playing in the rebuilding of his country and his economy. david: before we get started on this hour, we want to tell you what drove the markets with today's data. a sea of green on wall street with all three major indices ending week higher. dow, s&p and nasdaq posting a fourth straight week of gains the dow is the week's winner, closing up 1.%. all 10 s&p sectors ending the trading day higher led by consumer discretionary and energy. the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned bef
jack lew is the nominee, the person that coo be taking over. guess what is a lot, a lot more partisan than tim geithner that worked for both republicans and democrats. steve forbes tells us what that can mean for policy going forward. sandra: howard lutnick, ceo of cantor fitzgerald, shares his investing ideas for 2013. the prime minister of haiti, he talks about the big roll the private sector is playing in the rebuilding of his country and his economy. david: before we get started on this...
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we met up with jack lew at the treasury department next dispersant to the white house today and we asked him why so many americans aren't feeling the recovery. >> for almost every american family, there are scars from the deep recession. so i think that we have a job in washington and public policy to make the right decisions and to show that we're staying on a course that's going to keep the economy growing and keep opportunities for the american middle class growing. i think that every time washington has a divisive fight, that suggests that may become part of the problem, it actually hurts. it hurts that confidence. economics is really a lot of collective psychology. when people feel better about the future, they act better, and the economy picks up. had people it also has a- - an effect on the economy. >> pelley: this is from the federal reserve, and these are data you're familiar with. that line that's rising there is the growth in part-time jobs and the line that's dropping is the loss of full-time jobs. why is that happening in our economy today? >> well, i think that we've seen a
we met up with jack lew at the treasury department next dispersant to the white house today and we asked him why so many americans aren't feeling the recovery. >> for almost every american family, there are scars from the deep recession. so i think that we have a job in washington and public policy to make the right decisions and to show that we're staying on a course that's going to keep the economy growing and keep opportunities for the american middle class growing. i think that every...
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. >>> plus jack lew, the president's nominee to lead the treasury was in the hot seat today facing a grilling from the senate from everything from his role at citibank and yes, his investments in the cayman islands. we're live on capitol hill. stay with us. ♪ . she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical he
. >>> plus jack lew, the president's nominee to lead the treasury was in the hot seat today facing a grilling from the senate from everything from his role at citibank and yes, his investments in the cayman islands. we're live on capitol hill. stay with us. ♪ . she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's...
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confirmed as quickly as possible, saying that jack lew has his complete trust. as i mentioned, this may be a battle. it may be a bit of a battle because some top folks are raising objections to jack lew who made his fair share of enemies in his time of chief of staff and we'll see how that proceeds. dana perino is still here with us. now we have it, it's official, another white male appointed to the cabinet and we were talking about this during the break. is it -- are we in an uncomfortable place we look the at the top cabinet people saying, women or not? minorities or not? and judging them by that? is that, is that in and of itself sort of affront to women. when we deserve to be there in mass numbers, we'll be there in mass numbers. or a situation in the country where women are still moving up the the halls of power? we haven't been, you know, equal pay or close to it, and in circles of power and we look at law schools and med schools for that long. we're still trekking upward. >> yes, so a lot of, i think back to my great-grandmother, who wasn't allowed to vot
confirmed as quickly as possible, saying that jack lew has his complete trust. as i mentioned, this may be a battle. it may be a bit of a battle because some top folks are raising objections to jack lew who made his fair share of enemies in his time of chief of staff and we'll see how that proceeds. dana perino is still here with us. now we have it, it's official, another white male appointed to the cabinet and we were talking about this during the break. is it -- are we in an uncomfortable...
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we take that on with treasury secretary jack lew. and our power house round table. >>> and george will and jeremy schaap on baseball's black eye. all that ahead this sunday morning. >>> hello again, let's get right to the breaking news in the new york mayor's race, anthony weiner's campaign manager quit after the new revelations that weiner's sexting continued even as he plotted the comeback run for mayor. abc's jeff zeleny is here with all the latest. and jeff, the campaign manager is gone, but weiner seems determined to stay in the race. >> reporter: that's right, but despite the setback, anthony weiner just taped a new campaign commercial and staying in the race. even as the humiliation threatens his candidacy. the resignation of anthony weern's campaign manager, just the latest bow for a campaign that looks like it's on the the brink. >> i have to hope we get back to the issues that people care about. >> reporter: the famously brash new yorker struggling to halt an unending barrage. mocked by late night comics. >> he's out on the
we take that on with treasury secretary jack lew. and our power house round table. >>> and george will and jeremy schaap on baseball's black eye. all that ahead this sunday morning. >>> hello again, let's get right to the breaking news in the new york mayor's race, anthony weiner's campaign manager quit after the new revelations that weiner's sexting continued even as he plotted the comeback run for mayor. abc's jeff zeleny is here with all the latest. and jeff, the campaign...